“resilient” just sounds wrong from the riverside perspective. That some houses are not falling doesn’t mean the market is resilient. Resilient implies hardiness, individual self-asserted strength. That’s not what I see. Sure prices might stay high. But not because of an independent market.
i mean, look, if you personally were in huge debt, and I said, don’t sweat it, dude, I’ll front you tons of cash, you’ll roll it over, thing’s will work out, here’s some dough, speculate with it, whatever, pay yourself a bonus, we’ll figure this out later, I wouldn’t describe you as a “resilient” economic fellow, personally. that’s about how i feel re: the housing market. doesn’t mean some of th ebets won’t pay off, or that some people in some areas have so much dough and there are mroe fo them than houses so the houses remain high. I’m talking nationally, as a market, “resilient” is a misleading term.
